Quote:
Originally Posted by Mathgod
From the column:
|
I mean, I get that you have a quote from an article with the word Trump in the title by "America's largest online progressive news show". So that's almost evidence, but it also happens to be 100% wrong.
Non-physical traders in any commodity can't push prices forever, because the physical reality always catches up to them. Eventually all these products are convertible into a physical good, and if enough real people won't pay that price for it the price will change.
Think about the price going negative during the pandemic. That wasn't because of swaps traders, of shorts, it was because the storage for PHYSICAL crude oil at Cushing, OK was filling up.